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FINANCIAL INFORMATION BY BUSINESS SEGMENT | 9 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | NOTE 13. FINANCIAL INFORMATION BY BUSINESS SEGMENT The Company operates principally in two business segments on a continuing operations basis: providing investment management services to USGIF and ETF clients; and investing for its own account in an effort to add growth and value to its cash position. The former segment of investment management services in Canada is discussed in Note 3, Discontinued Operations. The following schedule details total revenues and income for continuing operations by business segment:
(dollars in thousands) |  | Investment Management Services |  |  | Corporate Investments |  |  | Consolidated |
Nine months ended March 31, 2021 As restated (See Note 2) |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 14,321 |  |  | $ | - |  |  | $ | 14,321 |
Investment income |  | $ | - |  |  | $ | 30,124 |  |  | $ | 30,124 |
Income from equity method investments |  | $ | - |  |  | $ | 420 |  |  | $ | 420 |
Gain on forgiveness of PPP loan |  | $ | 444 |  |  | $ | - |  |  | $ | 444 |
Other income |  | $ | 92 |  |  | $ | - |  |  | $ | 92 |
Income from continuing operations before income taxes |  | $ | 6,842 |  |  | $ | 28,542 |  |  | $ | 35,384 |
Depreciation and amortization |  | $ | 147 |  |  | $ | - |  |  | $ | 147 |
Gross identifiable assets at March 31, 2021 |  | $ | 11,530 |  |  | $ | 55,292 |  |  | $ | 66,822 |
Deferred tax asset |  |  |  |  |  |  |  |  |  | $ | - |
Consolidated total assets at March 31, 2021 |  |  |  |  |  |  |  |  |  | $ | 66,822 |
Nine months ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 2,605 |  |  | $ | - |  |  | $ | 2,605 |
Investment loss |  | $ | - |  |  | $ | (3,922 | ) |  | $ | (3,922 | )
Loss from equity method investments |  | $ | - |  |  | $ | (146 | ) |  | $ | (146 | )
Other income |  | $ | 90 |  |  | $ | - |  |  | $ | 90 |
Loss from continuing operations before income taxes |  | $ | (1,884 | ) |  | $ | (4,252 | ) |  | $ | (6,136 | )
Depreciation and amortization |  | $ | 143 |  |  | $ | 9 |  |  | $ | 152 |
Three months ended March 31, 2021 As restated (See Note 2) |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 6,355 |  |  | $ | - |  |  | $ | 6,355 |
Investment income |  | $ | - |  |  | $ | 8,424 |  |  | $ | 8,424 |
Loss from equity method investments |  | $ | - |  |  | $ | (64 | ) |  | $ | (64 | )
Other income |  | $ | 33 |  |  | $ | - |  |  | $ | 33 |
Income from continuing operations before income taxes |  | $ | 3,379 |  |  | $ | 8,306 |  |  | $ | 11,685 |
Depreciation and amortization |  | $ | 49 |  |  | $ | - |  |  | $ | 49 |
Three months ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 914 |  |  | $ | - |  |  | $ | 914 |
Investment loss |  | $ | - |  |  | $ | (441 | ) |  | $ | (441 | )
Loss from equity method investments |  | $ | - |  |  | $ | (91 | ) |  | $ | (91 | )
Other income |  | $ | 29 |  |  | $ | - |  |  | $ | 29 |
Loss from continuing operations before income taxes |  | $ | (883 | ) |  | $ | (599 | ) |  | $ | (1,482 | )
Depreciation and amortization |  | $ | 47 |  |  | $ | 3 |  |  | $ | 50 |
Net operating revenues from investment management services includes operating revenues from USGIF of $1.2 million and $3.2 million, respectively, for the three and nine months ended March 31, 2021, and $713,000 and $2.2 million, respectively, for the three and nine months ended March 31, 2020. Net operating revenues from investment management services also include operating revenues from ETF clients of $5.2 million and $11.1 million, respectively, for the three and nine months ended March 31, 2021, and $201,000 and $455,000, respectively, for the three and nine months ended March 31, 2020.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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